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Vietnamese and Indian businesses from the pharmaceutical sector participate in a B2B meet at the India – Viet Nam Pharmaceuticals and Health Industry Conference on July 5. — VNS Photo Thu Hang Viet Nam is seeking co-operation with India in the field of pharmaceuticals, especially manufacture of vaccines for COVID-19, a conference heard on Tuesday. India is now the third biggest supplier of pharmaceutical products to Viet Nam, Tran Ngoc Liem, general director of the Viet Nam Chamber of Commerce and Industry’s HCM City branch, told the India-Viet Nam Pharmaceuticals and Health Industry Conference. Pharmaceuticals were one of India’s key exports to Viet Nam last year at US$267 million, he said. India is ranked third globally in terms of pharmaceutical output and 14th in terms of value. Its leading companies all meet international standards. The Vietnamese pharmaceutical market has been experiencing strong growth in recent years with 250 factories, 200 import-export … [Read more...] about Viet Nam, India eye partnership in pharmaceutical sector

Projected GDPs for ASEAN+3 countries. Viet Nam is forecast to be the second fastest-growing economy in the region this year. — Photo amro-asia.org Viet Nam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN +3 Regional Economic Outlook. Specifically, the country was projected to achieve a growth rate of 6.3 per cent this year and 6.5 per cent next year, well above the region-wide figures which were estimated at 4.3 per cent and 4.9 per cent respectively. Compared to the previous update, Vietnamese growth rates were revised downwards to reflect the lower growth forecasts for China and the US, its major trade partners. The country was expected to top the list with growth rates of 6.5 per cent and 7.0 per cent in the April update. “Viet Nam is a much more open economy and very exposed to the US and Chinese economies. Because we are expecting reductions in growth rates … [Read more...] about Viet Nam to do well economically this year and the next: AMRO

Premiere Vision is the largest and most prestigious fair of the textile and fashion industry in France, attracting more than 60,000 visitors and 1,200 international exhibitors. — Photo VNA More than 10 Vietnamese outstanding enterprises have attended the Premiere Vision 2022, an essential event for the entire textile industry, which is taking place from July 5-7 at Paris-Nord Villepinte Exhibition Centre in Paris, France. According to Vietnamese Ambassador to France Dinh Toan Thang the participation of Vietnamese businesses in this fair reflected their desire to promote cooperation with France and other countries, in the context that the two governments are resuming trade relations with the world following severe impacts of the COVID-19 pandemic. According to the ambassador, the Viet Nam-EU Free Trade Agreement (EVFTA) which took effect in August 2020 is an important legal foundation for Vietnamese enterprises in general and of textile ones in particular in conquering the … [Read more...] about Việt Nam attends Premiere Vision 2022 in Paris

CHI Hospitality International inaugurates a Stay7 International Hotel in the central city of Nha Trang. —Photo courtesy of the firm South Korean hotel management company CHI Hospitality International has inaugurated a Stay7 International Hotel in the central city of Nha Trang to take the opportunity from the recovery of the country’s tourism industry. Stay7 International Hotel Nha Trang has 203 luxuriously designed rooms at 65 Tran Quang Khai in the heart of Nha Trang City. There is a modern swimming pool on the 28th floor, ranked as one of the city's five most beautiful swimming pools. Currently, CHI Company Group has businesses in Viet Nam, such as in Ha Noi and HCM City, including financial/real estate, manufacturing, industrial logistics, and hotels. They are actively carrying out investment/operation projects in resort development in Da Lat and Phu Tho Province, 5-star hotels in Da Nang City, and residence buildings with about 320 rooms in Thai Nguyen Province. A … [Read more...] about South Korean hotel chain opens in Nha Trang

Vietnam and Russia affirmed the role of each country in the other’s diplomacy and in the global forums. Russian Foreign Minister Sergei Lavrov told Vietnamese top leaders that Vietnam is one of Russia’s important and trustworthy traditional partners in Asia-Pacific. General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and Russian Foreign Minister Sergei Lavrov in Hanoi on July 6. Photos: VNA, Baoquocte Lavrov stressed the view at meetings with General Secretary of the Communist Party of Vietnam Nguyen Phu Trong, Prime Minister Pham Minh Chinh, and Foreign Minister Bui Thanh Son in Hanoi on July 6. “Naturally, our friendship and our solidarity are based on deep historical roots,” Lavrov said at the meeting with Prime Minister Pham Minh Chinh, Russia News Agency reported. The Russian FM expressed his hope that the two countries will continue making efforts for effective results of the Comprehensive Strategic Partnership which entered its … [Read more...] about Vietnam listed among Russia’s most trustworthy partners in Asia-Pacific: Sergey Lavrov